Junior AFC Officer at Deutsche Bank

PURPOSE OF THE JOB:

• The AFC Function is responsible for the AML, CTF, Sanctions & Embargoes, Anti-Fraud & Investigations, ABC activities in the jurisdiction, hereby ensuring that all relevant AFC policies, procedures, systems, and controls are implemented effectively, all AFC-relevant legal, regulatory and DB Group requirements are met, and any AFC-related risks are appropriately addressed and mitigated.
• The AFC Officer reports into the Country AFCO (Head of AFC/ABC) and is also responsible for the identification, assessment, advice on, monitoring, control and reporting on the AFC laws, rules and standards relevant to the DB activities in their respective jurisdiction. The Country AFCO (Head of AFC/ABC) is the direct point of contact for DB staff in AFC matters, in particular in terms of whistleblowing, employee reliability or concerns raised in a confidential environment when improper or illegal AFC related activities are suspected.

KEY RESPONSIBILITIES:

• Advising on and ensuring implementation of AFC policies and procedures.
• Advising on the impact of new AFC related internal and external rules and ensuring that local guidelines and procedures are in line and reflect German and local AFC laws / regulations. Escalate exceptions to the Country AFCO (Head of AFC/ABC).
• Assessing the conformity of internal policies and procedures, systems and controls with relevant regulatory obligations and DB Group standards.
• Reporting and liaising with the Country AFCO Head of AFC/ABC) to ensure appropriate reporting and escalation of issues and/or incidents.
• Contributing to DB AFC Function as a whole by sharing knowledge and best practices with Country AFCO (Head of AFC/ABC) and Business. Contribute to the development of AFC methodologies by cooperating with other disciplines like Compliance, Legal, Audit and Operational Risk Management.
• Assisting with the timely delivery of the local AFC Risk Assessment in the country.
• Helping maintain an AFC compliance staff awareness culture by providing appropriate training to staff. Oversight of AFC Training and ensure that AFC Training requirements are met.
• Developing and maintaining the AFC related Internal Control Framework to ensure adequate monitoring and control measures are implemented, report on any findings and advise Country AFCO (Head of AFC/ABC) on remedial actions to take.
• Assisting the Country AFCO (Head of AFC/ABC) with the requirements set by the AFC Global Controls Programme. Develop and carry out adequate controls to ensure that all applicable legal and regulatory AFC requirements are being adhered to in their jurisdiction.
• AML: Maintaining especially an adequate AFC Internal Control Framework for Unusual and/or Suspicious Transactions in terms of organization, administration systems and controls to ensure properly and timely detection, investigation and reporting of unusual and/or suspicious transactions or activities to competent authorities in compliance with applicable rules.
• Implementing adequate monitoring – research /surveillance tools.
• Discharging the responsibilities of AFC as set out under global KYC policies for divisions present in the jurisdiction.
• Deciding on new or existing clients that are escalated or decide to escalate further.
• Tracking and following-up on the conditions that have been imposed as part of the KYC approval.
• Following-up with the Business on status of Regular Reviews and obtain relevant MIS from the Business.
• Sanctions: Monitoring local regulatory sanctions developments and notifying relevant changes and specifications to the Country AFCO (Head of AFC/ABC).
• Assisting the Country AFCO (Head of AFC/ABC) in discharging the responsibilities of the Group Embargo Office locally as set out in the Group Embargo Policy and in the Special Risk Country Policy, in particular, ensuring implementation of applicable sanctions requirements on a country level.
• Anti-Fraud: Assist Country AFCO (Head of AFC/ABC) to assume and promote its responsibility for anti-fraud in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional AF&I teams.
• Anti-Bribery & Corruption: Assist Country AFCO (Head of AFC/ABC) locally to assume and promote its responsibility for anti-bribery & corruption in country (including advisory, policy, training, monitoring, investigation etc), either directly or as the liaison with regional ABC teams.
• Ensuring the local implementation of any country, regional or global AFC projects and programs.

SKILLS/COMPETENCY REQUIREMENTS:

• Excellent communication and representation skills.
• Strong at influencing thinking and behaviours broadly across the organisation, within the highest level of integrity
• Established negotiation skills to deal effectively with conflicting priorities & resources.
• Good relationships with external regulatory bodies.
• Ability to build strong relationships internally with divisional clients locally & globally
• Team player
• Self-assured, self-motivated and energetic with sound judgement and confident manner

EDUCATIONAL:

• B Comm degree or similar
• Preference to have obtained a Certificate in Money Laundering Control
• ACAMS ( Association of Certified Anti-Money Laundering Specialists) Certificate an advantage

EXPERIENCE:

• 5-7 years’ experience in a similar position with experience in AFC within an international organization/bank in the Financial Services industry

A track record in risk and regulatory matters, ideally including:

• Understanding of AFC risks and typologies in order to identify areas or instances of potential AFC risks and to address them appropriately
• Prior experience of acting as regulatory liaison with regards to Compliance and AFC matters
• Strong at influencing thinking and behaviors broadly across the organization, with the highest level of integrity
• Team Player